Xenitis to launch IPO

Kolkata-based hardware manufacturer, Xenitis Infotech is contemplating to go public next year. The company expects to cross the Rs 500 crore mark in revenues next year and to further pump-in money for expansion, it plans to go for the
IPO.

Xenitis group of companies Director, Thathagata Dutta said, "Once we cross the Rs 500 crore mark next year, we will go for IPO as we would be needing monetary support to fuel further growth." The company, which is into PC manufacturing right now, is planning to open offices in Delhi and in the southern region soon. The Delhi region would cover some parts of UP also. The company had generated revenue of Rs 150 crore last year and is expecting Rs 300 crore revenue this year.

The company is expanding its manufacturing facility in Hoogli with minimum area of two lakh square feet and to start with, it would employ around 2,000 people. It plans to manufacture monitors, cabinet cases and other computer peripherals. The company also intends to export these products to the Middle East and Europe and plans to manufacture for OEMs as well.

Recently, the company entered into an agreement with China-based Unitek Computers to manufacture computer cases, media chips, peripherals such as keyboard, CD-ROM drives, CD-DVD drives, speakers and home theatres. This JV is named as Unitek Xenitis World Wide.

The company also has a technolab division that trains professionals in hardware, networking, network administration and security management services. It currently has six centers in West Bengal and plans to have 30 such centers by March this year and 100 by the end of this year all across the country. 

RAHUL GUPTA 

MUMBAI